For The Record

New Dominick's for E. LakeviewLakeview residents might be getting a new Dominick's to replace the store that burned to the ground last year. Alderman Tom Tunney (44th) says three floors of condos  about 45 units  will top the new 40,000-square-foot grocery store at 3012 N. Broadway. He said neighbors told him "a full-service supermarket is desperately needed in that area." But plans for the vacant lot were delayed as Dominick's parent, Safeway, negotiated earlier this year to buy the land from the grocery chain's founding family (Crain's, April 10). Developer Michael O'Connor of Dionysius LLC says he hasn't finalized an agreement with Dominick's yet, but "we're very close."

Politically connected businessman Stuart Levine pleaded guilty Friday to a wide-ranging series of schemes to defraud state agencies and a medical school. The deal calls for him to receive more than 5 ½ years in prison.

JetBlue plans to launch flights from O'Hare to New York and Los Angeles starting in January. The discount carrier got seven slots at the congested airport, four from the FAA and three from other airlines.

A judge recommended that regulators approve ComEd's plan to phase in higher electric rates next year. ComEd's residential customers could see monthly bills jump an average of $13  about 22% on a $60 bill  beginning in January, as a nine-year rate freeze expires.

Illinois M&A activity is moving at a clip not seen in five years. Innovation Advisors in Chicago said the state is on track to surpass 2005's 319 transactions, which was the highest since 2000.

Third-quarter condo sales in the core of the city were off for a second straight quarter. Appraisal Research Counselors said sales were also down, falling 26% from third-quarter 2005. The area studied is bounded roughly by North Avenue, the lake, Cermak and Ashland.

Altria will wait until January to reveal its timetable for spinning off Kraft. Investors have anticipated the spinoff since management first disclosed the plan two years ago.

Tribune's board amended three compensation plans to lock in immediate payouts for executives and others in the event the company sees a "change of control," according to securities filings. The Chicago media giant asked potential buyers to contact it by Tuesday.

Walgreen will pay $550,000 to settle charges that the drugstore chain did not put price tags on merchandise in its Michigan stores. It's the second-largest settlement by a company for violating the state's pricing law, which requires price tags on almost every item in stores.